This morning, the Bureau of Economic Analysis (BEA) announced its second take on 4th Quarter 2014 economic growth. After previously announcing a 2.6% number, it seems the BEA’s best guess this time is it grew at a 2.2% clip. What’s 0.4% among friends? When you break down the data, several things become readily apparent: 1) military expenditures fell through the floor, and; 2) the private sector appears to be in reasonably healthy shape, and; 3)...